This was our post at 13:39 Lima Time or 14:39 ET:

As we are, reiterate, calling for a last wave 5,up before the "BIG and REAL" downfall so primary wave C and cycle wave 2 can be in place, 1,292.66 was the high for minute wave 1 and IF this is a minute wave 4, this can't invade wave 1 territory, as the third EW rule signs. IF this "extreme" support is erased, then the "BIG and REAL" downfall could be developing.

This has been our 2 calls, at 15:42 and 15:46 ET via stocktwits, at the precise moment it should. We will see IF the third EW rule has some respect of markets on monday 21.

Editor

Ing. Manuel A. Aparicio Rabines

Bio:

I'm a civil engineer. I am a graduate of the Ponticia Universidad Católica in Lima, Peru.Since 1989 I have managed several construction and real state companies in Peru and my current position is that of President and CEO of Aricsa Holding in Lima: http://www.aricsa.com/In 2005 I became interested in Technical Analisys and have been studying it since. I have a special passion for Elliott waves and the Fibonacci sequence. My field of research is Phi (1.618... ) and its influence on the mass psychology of the participants in financial markets. My observations have led me to develop, and prove, four new rules that I believe expand our knowledge of Elliott waves.After 1 year of real time postings that have tested my hypothesis. I am now posting my predictions on the MTA forum: http://www.mta.org/ and expect sincere criticism by the technicians community from whom I want to earn their respect.

*Disclaimer

The content on this site is provided as information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author and are for entertainment purposes only. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of the author. The author may from time to time make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. Again, it is just the author expressing his opinion only.